CMA LAW: Resolution No. (05) of 2024 Regarding the Cancellation of Al-Imtiaz Investment Fund’s License and its Removal from the CMA Registers

Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and

- The request of the Fund’s liquidator to cancel the Fund’s license and remove it from the Funds Register at the CMA; and 

- Based on Resolution No. (24) of 2023 regarding the amendment of the approval authorizations for the Supervision Sector's procedures, issued on 12/02/2023.

The Following Was Resolved
Article (1)
The license of Al-Imtiaz Investment Fund is hereby cancelled, and it is hereby removed from the Fund’s Register at the CMA.

Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette. 

Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 11/01/2024
 

Copy of the Official Document

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